The index is hovering right at support as we head into late afternoon trading. There hasn't been a great deal of movement in the last hour, with sectors also remaining relatively static. The strong sectors today on a relative basis are Health Care and Consumer Staples, the so-called "safety" sectors. The weak sectors are Materials, Financials, Utilities, Industrials, and Energy. Technology is flat on the day. Support for the index remains at 1460.07. Resistance is at 1465.63.
The Federal Reserve will keep its version of the monetary printing press running a while longer, though Chairman …